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48 Essex Avenue, Rumford, ME 04276

Local realty services provided by:CENTURY 21 Barbara Patterson
48 Essex Avenue,Rumford, ME 04276
$300,000
  • - Beds
  • 5 Baths
  • 3,348 sq. ft.
  • Multi-family
  • Active
Listed by: tyler stewart
Office: keller williams realty
MLS#:1647514
Source:ME_MREIS

Price summary

  • Price:$300,000
  • Price per sq. ft.:$89.61

About this home

Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 11.6% cap rate, providing solid cash flow from day one. Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old. A well-maintained, turnkey investment with proven performance and strong fundamentals.

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Home facts

  • Year built:1923
  • Listing ID #:1647514
  • Updated:January 02, 2026 at 06:47 PM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:3,348 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1923
  • Building area:3,348 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$300,000
  • Price per sq. ft.:$89.61
  • Tax amount:$1,891 (2024)
MLS LogoMREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

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